Tobacco company Philip Morris has inaugurated a HUF 3 billion (EUR 86m) e-cigarette recycling center in Gyál, on the outskirts of Budapest.
According to MTI, State Secretary Tamás Menczer said the investment created 100 jobs, noting that Philip Morris has just one other recycling center, in Japan. Philip Morris Sustainability Director Miguel Coleta said the center can recycle 150,000 electric tobacco devices a month, but capacity can be increased. The company picked the site because of Hungary’s economic stability and the favorable investment environment, he added. Philip Morris’s revenue in Hungary was over HUF 230 billion last year.